Unisplendour Corp Ltd (000938) - Net Assets
Based on the latest financial reports, Unisplendour Corp Ltd (000938) has net assets worth CN¥17.22 Billion CNY (≈ $2.52 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥93.64 Billion ≈ $13.70 Billion USD) and total liabilities (CN¥76.42 Billion ≈ $11.18 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Unisplendour Corp Ltd (000938) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥17.22 Billion |
| % of Total Assets | 18.39% |
| Annual Growth Rate | 25.44% |
| 5-Year Change | -52.85% |
| 10-Year Change | 499.49% |
| Growth Volatility | 195.53 |
Unisplendour Corp Ltd - Net Assets Trend (1996–2024)
This chart illustrates how Unisplendour Corp Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 000938 total assets for the complete picture of this company's asset base.
Annual Net Assets for Unisplendour Corp Ltd (1996–2024)
The table below shows the annual net assets of Unisplendour Corp Ltd from 1996 to 2024. For live valuation and market cap data, see Unisplendour Corp Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥16.11 Billion ≈ $2.36 Billion |
-59.76% |
| 2023-12-31 | CN¥40.04 Billion ≈ $5.86 Billion |
+5.86% |
| 2022-12-31 | CN¥37.83 Billion ≈ $5.54 Billion |
+6.06% |
| 2021-12-31 | CN¥35.67 Billion ≈ $5.22 Billion |
+4.35% |
| 2020-12-31 | CN¥34.18 Billion ≈ $5.00 Billion |
+5.63% |
| 2019-12-31 | CN¥32.36 Billion ≈ $4.74 Billion |
+6.13% |
| 2018-12-31 | CN¥30.49 Billion ≈ $4.46 Billion |
+5.53% |
| 2017-12-31 | CN¥28.89 Billion ≈ $4.23 Billion |
+6.65% |
| 2016-12-31 | CN¥27.09 Billion ≈ $3.96 Billion |
+907.79% |
| 2015-12-31 | CN¥2.69 Billion ≈ $393.34 Million |
+28.10% |
| 2014-12-31 | CN¥2.10 Billion ≈ $307.05 Million |
+61.95% |
| 2013-12-31 | CN¥1.30 Billion ≈ $189.59 Million |
+9.97% |
| 2012-12-31 | CN¥1.18 Billion ≈ $172.40 Million |
+32.20% |
| 2011-12-31 | CN¥891.14 Million ≈ $130.40 Million |
+1.02% |
| 2010-12-31 | CN¥882.14 Million ≈ $129.08 Million |
+0.96% |
| 2009-12-31 | CN¥873.71 Million ≈ $127.85 Million |
-12.78% |
| 2008-12-31 | CN¥1.00 Billion ≈ $146.58 Million |
+23.03% |
| 2007-12-31 | CN¥814.21 Million ≈ $119.14 Million |
+15.69% |
| 2006-12-31 | CN¥703.78 Million ≈ $102.98 Million |
+2.65% |
| 2005-12-31 | CN¥685.61 Million ≈ $100.33 Million |
-4.96% |
| 2004-12-31 | CN¥721.36 Million ≈ $105.56 Million |
+0.49% |
| 2003-12-31 | CN¥717.81 Million ≈ $105.04 Million |
+0.56% |
| 2002-12-31 | CN¥713.80 Million ≈ $104.45 Million |
+13.36% |
| 2001-12-31 | CN¥629.66 Million ≈ $92.14 Million |
-10.91% |
| 2000-12-31 | CN¥706.73 Million ≈ $103.42 Million |
+13.66% |
| 1999-12-31 | CN¥621.78 Million ≈ $90.99 Million |
+577.72% |
| 1998-12-31 | CN¥91.75 Million ≈ $13.43 Million |
+39.89% |
| 1997-12-31 | CN¥65.58 Million ≈ $9.60 Million |
+132.14% |
| 1996-12-31 | CN¥28.25 Million ≈ $4.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Unisplendour Corp Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1043133100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.43 Billion | 78.24% |
| Common Stock | CN¥2.86 Billion | 21.45% |
| Other Comprehensive Income | CN¥-3.39 Million | -0.03% |
| Other Components | CN¥44.17 Million | 0.33% |
| Total Equity | CN¥13.33 Billion | 100.00% |
Unisplendour Corp Ltd Competitors by Market Cap
The table below lists competitors of Unisplendour Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jeronimo Martins SGPS SA
LS:JMT
|
$13.41 Billion |
|
CP ALL Public Company Limited
BK:CPALL-R
|
$13.41 Billion |
|
Xiamen Tungsten Co Ltd
SHG:600549
|
$13.42 Billion |
|
China Energy Engineering Corp Ltd
SHG:601868
|
$13.43 Billion |
|
Hasbro Inc
NASDAQ:HAS
|
$13.38 Billion |
|
Argen-X
LSE:0QW0
|
$13.37 Billion |
|
Investment AB Latour (publ)
ST:LATO-B
|
$13.36 Billion |
|
mBank SA
WAR:MBK
|
$13.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Unisplendour Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 33,946,454,949 to 13,332,194,000, a change of -20,614,260,949 (-60.7%).
- Net income of 1,572,434,000 contributed positively to equity growth.
- Dividend payments of 902,517,062 reduced retained earnings.
- Other comprehensive income decreased equity by 3,386,000.
- Other factors decreased equity by 21,280,791,886.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.57 Billion | +11.79% |
| Dividends Paid | CN¥902.52 Million | -6.77% |
| Other Comprehensive Income | CN¥-3.39 Million | -0.03% |
| Other Changes | CN¥-21.28 Billion | -159.62% |
| Total Change | CN¥- | -60.73% |
Book Value vs Market Value Analysis
This analysis compares Unisplendour Corp Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.86x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 665.96x to 6.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CN¥0.05 | CN¥31.99 | x |
| 1997-12-31 | CN¥0.11 | CN¥31.99 | x |
| 1998-12-31 | CN¥0.13 | CN¥31.99 | x |
| 1999-12-31 | CN¥1.03 | CN¥31.99 | x |
| 2000-12-31 | CN¥1.06 | CN¥31.99 | x |
| 2001-12-31 | CN¥1.01 | CN¥31.99 | x |
| 2002-12-31 | CN¥1.06 | CN¥31.99 | x |
| 2003-12-31 | CN¥1.11 | CN¥31.99 | x |
| 2004-12-31 | CN¥1.11 | CN¥31.99 | x |
| 2005-12-31 | CN¥1.04 | CN¥31.99 | x |
| 2006-12-31 | CN¥1.00 | CN¥31.99 | x |
| 2007-12-31 | CN¥1.16 | CN¥31.99 | x |
| 2008-12-31 | CN¥1.31 | CN¥31.99 | x |
| 2009-12-31 | CN¥1.42 | CN¥31.99 | x |
| 2010-12-31 | CN¥1.40 | CN¥31.99 | x |
| 2011-12-31 | CN¥1.42 | CN¥31.99 | x |
| 2012-12-31 | CN¥1.67 | CN¥31.99 | x |
| 2013-12-31 | CN¥1.81 | CN¥31.99 | x |
| 2014-12-31 | CN¥3.15 | CN¥31.99 | x |
| 2015-12-31 | CN¥4.21 | CN¥31.99 | x |
| 2016-12-31 | CN¥11.36 | CN¥31.99 | x |
| 2017-12-31 | CN¥8.80 | CN¥31.99 | x |
| 2018-12-31 | CN¥9.29 | CN¥31.99 | x |
| 2019-12-31 | CN¥9.85 | CN¥31.99 | x |
| 2020-12-31 | CN¥10.40 | CN¥31.99 | x |
| 2021-12-31 | CN¥10.48 | CN¥31.99 | x |
| 2022-12-31 | CN¥11.13 | CN¥31.99 | x |
| 2023-12-31 | CN¥11.87 | CN¥31.99 | x |
| 2024-12-31 | CN¥4.66 | CN¥31.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Unisplendour Corp Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.79%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.99%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 6.66x
- Recent ROE (11.79%) is above the historical average (10.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 48.65% | 7.05% | 2.07x | 3.33x | CN¥10.92 Million |
| 1997 | 51.04% | 10.89% | 1.67x | 2.80x | CN¥25.44 Million |
| 1998 | 58.14% | 10.82% | 1.67x | 3.21x | CN¥36.64 Million |
| 1999 | 9.23% | 12.34% | 0.57x | 1.32x | CN¥-4.67 Million |
| 2000 | 13.32% | 9.03% | 0.84x | 1.75x | CN¥20.77 Million |
| 2001 | -3.97% | -1.61% | 1.43x | 1.72x | CN¥-83.13 Million |
| 2002 | 1.60% | 0.53% | 1.26x | 2.41x | CN¥-52.57 Million |
| 2003 | 3.25% | 0.92% | 1.40x | 2.53x | CN¥-43.94 Million |
| 2004 | 3.94% | 0.84% | 1.78x | 2.64x | CN¥-39.76 Million |
| 2005 | -5.25% | -0.94% | 2.09x | 2.66x | CN¥-93.51 Million |
| 2006 | 1.73% | 0.31% | 1.99x | 2.83x | CN¥-51.34 Million |
| 2007 | 2.29% | 0.37% | 2.10x | 2.99x | CN¥-50.38 Million |
| 2008 | 4.14% | 0.79% | 1.75x | 2.99x | CN¥-43.37 Million |
| 2009 | 3.99% | 0.78% | 2.07x | 2.47x | CN¥-48.18 Million |
| 2010 | 4.19% | 0.76% | 2.15x | 2.56x | CN¥-46.12 Million |
| 2011 | 5.37% | 0.81% | 2.49x | 2.66x | CN¥-37.06 Million |
| 2012 | 7.65% | 1.11% | 2.43x | 2.85x | CN¥-22.16 Million |
| 2013 | 9.89% | 1.18% | 2.64x | 3.16x | CN¥-1.16 Million |
| 2014 | 7.07% | 1.13% | 2.39x | 2.62x | CN¥-52.12 Million |
| 2015 | 6.38% | 1.14% | 2.12x | 2.64x | CN¥-86.30 Million |
| 2016 | 3.42% | 2.94% | 0.75x | 1.56x | CN¥-1.57 Billion |
| 2017 | 6.22% | 4.01% | 0.92x | 1.69x | CN¥-949.57 Million |
| 2018 | 6.42% | 3.53% | 1.00x | 1.83x | CN¥-950.43 Million |
| 2019 | 6.54% | 3.41% | 0.99x | 1.94x | CN¥-974.85 Million |
| 2020 | 6.09% | 3.02% | 1.02x | 1.98x | CN¥-1.16 Billion |
| 2021 | 7.17% | 3.18% | 1.02x | 2.22x | CN¥-848.42 Million |
| 2022 | 6.78% | 2.91% | 1.00x | 2.33x | CN¥-1.03 Billion |
| 2023 | 6.20% | 2.72% | 0.89x | 2.57x | CN¥-1.29 Billion |
| 2024 | 11.79% | 1.99% | 0.89x | 6.66x | CN¥239.21 Million |
Industry Comparison
This section compares Unisplendour Corp Ltd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $1,579,667,849
- Average return on equity (ROE) among peers: 7.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Unisplendour Corp Ltd (000938) | CN¥17.22 Billion | 48.65% | 4.44x | $13.39 Billion |
| Shenzhen Huaqiang Industry Co Ltd (000062) | $7.66 Billion | 6.05% | 1.40x | $5.65 Billion |
| Telling Telecommunication Holding Co Ltd (000829) | $2.31 Billion | -9.87% | 3.85x | $1.76 Billion |
| Shenzhen H&T Intelligent Control Co Ltd (002402) | $938.31 Million | 4.80% | 0.35x | $4.28 Billion |
| Beijing Oriental Jicheng Co Ltd (002819) | $441.05 Million | 8.48% | 0.20x | $1.16 Billion |
| GuangDong Rifeng Electric Cable Co Ltd (002953) | $481.76 Million | 23.99% | 0.83x | $851.69 Million |
| Wuhan PS Information Tech (300184) | $632.15 Million | 3.21% | 0.45x | $2.25 Billion |
| Shenyu Communication Technology Inc (300563) | $1.05 Billion | 4.80% | 0.22x | $861.40 Million |
| Nanjing Sunlord Electronics Corporation LTD (300975) | $504.83 Million | 13.95% | 0.79x | $2.06 Billion |
| Langfang Development Co Ltd (600149) | $204.37 Million | 9.98% | 0.62x | $357.70 Million |
About Unisplendour Corp Ltd
Unisplendour Corporation Limited, a technology company, provides electronics and information technology (IT) solutions in China and internationally. It offers Digital Business, Distribution Business, and Others segments. The company offers network equipment, including switches, routers, WLAN, IoT, SDN, PON, intelligent management and operation and maintenance services; servers comprising general,… Read more